The Joe Torre Safe at Home Foundation

Analysis

The Joe Torre Safe at Home Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, The Joe Torre Safe at Home Foundation reported income of $5.3m and spending of $4.3m, spending 81% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $2.7m to $5.3m (+98%), an average of +19% a year. The sharpest change came in the year to April 2020, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Joe Torre Safe at Home Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Csa ($5.3m), Mid-Coast Family Services ($5.3m) and Center for Early Success ($5.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 111% of the total. Compensation of current officers, directors and key employees was $346k (8.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.6m against liabilities of $586k, net assets of $3.1m. It reported 44 employees.